Data / Crowdfunding / California / Relay On Demand, Inc.
Relay On Demand, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,002 to $534,998 (2022)
Relay On Demand, Inc., a corporation in Norco, CA, filed a Form C with the SEC on August 26, 2022 to raise $50,002 to $534,998 in preferred stock through Wefunder Portal LLC. The offering closed on April 30, 2023. In its most recent fiscal year it reported $3,102,370 in revenue and a net loss of $372,834, with 5 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- RELAYONDEMAND.COM
- Funding portal
- Wefunder Portal LLC
- Address
- 1725 Mountain Ave, Norco CA, Norco, CA 92860
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- October 16, 2020
- SEC CIK
- 0001830560
Offering terms
From the offering filed August 26, 2022.
- Security
- Preferred Stock
- Price
- $5.00
- Target
- $50,002
- Maximum
- $534,998
- Deadline
- April 30, 2023
- Portal compensation
- 6.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C filed August 26, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,102,370 | $1,045,832 | sec.gov |
| Cost of goods sold | $2,735,501 | $955,298 | sec.gov |
| Net income | $-372,834 | $-186,131 | sec.gov |
| Taxes paid | $850 | $850 | sec.gov |
| Total assets | $162,062 | $46,080 | sec.gov |
| Cash | $112,064 | $46,080 | sec.gov |
| Accounts receivable | $49,997 | $0 | sec.gov |
| Short-term debt | $20,685 | $30,888 | sec.gov |
| Long-term debt | $358,746 | $328,198 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 26, 2022 | Offering | $50,002 | $534,998 | April 30, 2023 | sec.gov | |
| April 29, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| April 30, 2021 | Annual report | Not listed | Not listed | sec.gov | ||
| April 22, 2021 | Progress update | $25,000 | $1,070,000 | April 21, 2021 | The Offering closed successfully on April 22, 2021, having received investment commitments of $496,657, although a final accounting has not taken place. | sec.gov |
| January 19, 2021 | Offering | $25,000 | $1,070,000 | April 21, 2021 | sec.gov |
Updated August 26, 2022. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.